The California State Teachers' Retirement System (CalSTRS) significantly expanded its position in Affirm Holdings. A September 11, 2026, SEC filing reveals the pension fund increased its holdings. This expansion occurred during the second quarter. The fund purchased 29,549,277 additional shares.
This transaction marks a 7,715.3% increase in the fund's position. CalSTRS now holds 29,932,275 total shares in the buy-now-pay-later company. This acquisition gives the pension fund an 8.94% stake in Affirm.
The holding reached a valuation of approximately $2.44 billion by the end of the reporting period. The investment signals strong institutional confidence in Affirm’s business model and growth. This move follows reports of insider selling by company executives in early September.